UK Parliament / Open data

Energy Bill

Proceeding contribution from Michael Fallon (Conservative) in the House of Commons on Monday, 3 June 2013. It occurred during Debate on bills on Energy Bill.

I will just finish this section.

Amendments 60, 64, 80 and 84 make it clear that supplier debts can be pursued through the courts and that payments to generators will be pro rata in the unlikely scenario that the counterparty does not have sufficient funds immediately available, while amendments 59 and 79 ensure that suppliers only face costs that are related to the regime, including operational costs of the counterparty. Amendments 61, 68 and 81 are minor corrections and clarifications to ensure that the settlement of payments can work effectively, and amendments 88, 89 and 90 introduce a duty to transfer investment contracts to the CFD counterparty, thus ensuring they transfer quickly once the CFD regime is in place next year—that reflects points made by the hon. Member for Southampton, Test (Dr Whitehead) in Committee—while amendments 73 and 87 are minor changes to align the drafting of schedule 2 with part 2.

I am sorry to have kept the hon. Member for Glasgow North West (John Robertson) waiting.

About this proceeding contribution

Reference

563 c1270 

Session

2013-14

Chamber / Committee

House of Commons chamber
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